By 1901 he had reorganized the Northern Pacific Railroad and assisted J. P. Morgan in founding the United States Steel Corporation. (He was also among those privileged to participate in the stock syndicate that made the giant steel combine possible, along with such “Lords of Creation” as H. H. Rogers, W. K. Vanderbilt, and John “Bet-a-Million” Gates. Cromwell’s share was for $2,000,000, for which he had been required to put up a bare 121/2 percent.)
